Appointment of auditor and form adt-1

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KRISHNA BHAVSAR (Querist)
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30 October 2015 Dear All,

Please help me in this matter

ACCORDING TO SECTION 139 A COMPANY HAS TO APPOINT INDIVIDUAL AUDITOR FOR FIVE YEARS; NOW IN CASE OF ONE OF MY CLIENT PVT CO. THEY HAVE FILED ADT-1 IN P.Y. 14-15 FOR ONE YEAR APPOINTMENT AND AGAIN IN 15-16 THEY HAVE REAPPOINTED THE SAME AUDITOR IN AGM FOR ONE YEAR AND FILED FORM ADT-1 IN SEPT 2015;
SO MY QUESTION IS DOES IT ALLOW?
IS THIS NON-COMPLIANCE OF THE ACT IF AN AUDITOR IS APPOINTED FOR SINGLE YEAR AND FORM IS FILED IN EACH OF THE FIVE YEARS?
PLEASE HELP ME IN THIS MATTER

Amol S Joglekar

Amol S Joglekar (Expert)
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30 October 2015 139 does NOT make it compulsory to appoint the auditor for 5 years.
The choice to appoint the auditor for 1 year OR 5 years is with the Company.

Now in your query, you say that auditor is REAPPOINTED in 15-16.... now for this ADT1 is required to be filled

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KRISHNA BHAVSAR

KRISHNA BHAVSAR (Querist)
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30 October 2015 ok
yes adt-1 has been filed for that

thank you sir

Amol S Joglekar

Amol S Joglekar (Expert)
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30 October 2015 You are most welcome.
.
.

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